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REGISTERED NUMBER: 14146035 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2022 to 30 June 2023

for

TYDWOOD INVESTMENTS LIMITED

TYDWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 14146035)






Contents of the Financial Statements
for the Period 1 June 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TYDWOOD INVESTMENTS LIMITED

Company Information
for the Period 1 June 2022 to 30 June 2023







DIRECTORS: Mr J P Baruch
Mr J E D De Stefano
Mr W Elphinstone
Mr A J S Hoare
Mr H E Leighton





REGISTERED OFFICE: Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX





REGISTERED NUMBER: 14146035 (England and Wales)





ACCOUNTANTS: Primera Accountants Limited
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

TYDWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 14146035)

Balance Sheet
30 June 2023

Notes £   
FIXED ASSETS
Investment property 4 948,967

CURRENT ASSETS
Debtors 5 16,906
Cash at bank and in hand 32,591
49,497
CREDITORS
Amounts falling due within one year 6 (602,236 )
NET CURRENT LIABILITIES (552,739 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,228

CREDITORS
Amounts falling due after more than one
year

7

(373,500

)
NET ASSETS 22,728

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 22,628
SHAREHOLDERS' FUNDS 22,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TYDWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 14146035)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mr A J S Hoare - Director


TYDWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 14146035)

Notes to the Financial Statements
for the Period 1 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

Tydwood Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue
Revenue represents rent receivable in respect of the company's investment properties. Rental income is recognised over the period of the rental agreement.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

TYDWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 14146035)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


TYDWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 14146035)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 948,967
At 30 June 2023 948,967
NET BOOK VALUE
At 30 June 2023 948,967

Investment property was valued on an open market basis on 30 June 2023 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,349
Other debtors 15,557
16,906

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 15,000
Trade creditors 376
Taxation and social security 4,513
Other creditors 582,347
602,236

TYDWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 14146035)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 373,500

8. SECURED DEBTS

Bank loans of £388,500 are secured by way of a legal charge over the Company's property.
Bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary shares 1 100

100 Ordinary shares shares of 1 each were allotted and fully paid for cash at par during the period.

10. RELATED PARTY DISCLOSURES

Included in the other creditors due within one year are amounts of £556,625 due to connected companies. The loans are interest free and repayable on demand.